Lehne Company which has only one product has provided thefollowing data concerni

Lehne Company which has only one product has provided thefollowing data concerning its most recent month of operations:Selling price $ 125Units in beginning inventory 600Units Produced 3000Units sold 3500Units in ending inventory 100Variable costs per unit:Direct materials $ 15Direct labor $ 50Variable manufacturing overhead $ 8Variable selling and admin $ 12Fixed costs:Fixed manufacturing overhead $ 75000Fixed selling and admin $ 20000The company produces the same number of units every month althoughthe sales in units vary from month to month. The companys variablecosts per unit and total fixed costs have been constant from monthto month.Required:a. What is the unit product cost for the month under variablecosting?b. What is the unit product cost for the month under absorptioncosting?c. Prepare an income statement for the month using the variablecosting method.d. Prepare an income statement for the month using the absorptioncosting method.